AB 32 has been good for business, good for jobs and good for the economy.

Since 2005 California has attracted $9 billion in ‘green’ venture capital, more than 60% of all such investment nationwide. There are now more than 12,000 clean technology businesses in California, and clean energy jobs have grown at a rate 10X the State average, even while job growth as a whole declined.

Prop 23 would create tremendous uncertainty among investors in clean technology putting at risk over half a million jobs and billions of dollars in investment capital.

What’s more, Prop 23 would reward those businesses that have dragged their feet, choosing to try to derail responsible action for fighting climate change rather than working toward the goals…and in the process would, in effect, punish those companies that did the right thing and began to plan for the changes.

tra wrote, and in the process would, in effect, punish those companies that did the right thing and began to plan for the changes.

No, it won’t. Individuals and companies that want to go ahead and convert to wind or solar power will still be able to do so should they chose to. There’s nothing in Prop 23 that says they can’t. They just won’t be forced to buy a larger percentage of the more expensive “renewable” fuels they may not be able to afford.

No air quality regulations will be eliminated with Prop 23, not even AB32. Prop 23 simply suspends AB32 until the economy recovers.

And utilities will still be required to buy 19% of their power from the more expensive renewable sources, just not the 33% required by AB32.

It’s believed utility bills could increase 50 to 60% by the time AB32 is fully implemented. Can you afford an increase like that? I can’t. That’s why I’m strongly supporting Prop23.

Lovelace wrote, Prop 23 would create tremendous uncertainty among investors in clean technology putting at risk over half a million jobs and billions of dollars in investment capital.

Tremendous uncertainty because, once again, people are being forced to do business with green businesses. That’s like City Garbage being nervous the Eureka City Council might not force everyone to subscribe to garbage service.

There’s nothing in Prop 23 that prevents these supposed flourishing green businesses to continue to flourish. And if they’re as successful as Lovelace claims, they should continue to do well.

No, it won’t. Individuals and companies that want to go ahead and convert to wind or solar power will still be able to do so should they chose to. There’s nothing in Prop 23 that says they can’t. They just won’t be forced to buy a larger percentage of the more expensive “renewable” fuels they may not be able to afford.

They are saying otherwise Fred. They have already made the investments, and they will be placed at a competitive disadvantage if 23 passes. It would create a premium for those companies who lived in denial or just assumed their lawyers would turn it around for them. In any case, we’re talking about a large contingent of the chamber, and I don’t think they’re opposing it because they’re suddenly green ideologically.